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20130318
20130326
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on yields. investors are racing to the safe haven of things. almost any conversation about education ends up coming down to money. money is the reason behind the latest and largest school closures in our nations history. chicago is closing 54 schools. can you imagine? it's an effort to shore up the billion dollar budget deficit. as shocking as this sounds, cities are facing similar meesures are in your city could be one of them. could this actually be the best medicine? joining me n is the ceo of the illinois policy institute. >> and the 2010 census, 200,000 africans left and that has been a decades long time. many are declaring that the chicago public school system, which has monopoly control over educational systems is failing. they are leaving. we have these empty scols that have to be closed. melissa: it seems a liitle too easy. some people have been saying that the schools are empty, they are curable schools, is they're not going to be overcrowding? >> chicago's population is in a long-term decline. we have the lowest population that we have had since 1920. it was built from hundreds of
the crac, has not been educate along the way. i think an organization like the national endowment for financial education is a great resource to start from. i don't believe that wall street is always the best place to get educated. so there's a start, a place to start a plan. melissa: yeah. >> next thing have someone hold you accountable. meet with somebody. i like pat's idea, find a financial buddy. we often work out with a buddy to help us out. find a financial advisor and somebody you can work with. melissa: that makes sense. you say saving 15 to 20% of your annual income. i wonder at what price? saving aside 20% of the your income, does that mean you don't buy a house, you rent instead? would you set aside the income and use credit cards and rack up debt so you can save? at what price, how seriouous is it to save that much money. >> how serious is that individual, that's the question. because let's put this in reference. this individual that in our scenario, sob who is 50 to 60 years old or so, they're really at the peak of their financial succs. they're making the most they e
will get jobs because of your education but many will pay $200,000 and get little more than that. this is why dale stephens dropped out and has the web site uncollege.org and his book hackeducatn. what do you mean? there is a reason people go to college. >> that is what society says you need to do but that means you have to learn what they tell you the not what you want to interest you. john: i just wan cic books and girls i wouldn't have learned anything. >> maybe you start a comic book about girls. [laughter] >> you tell m your doing better? >> there is a community around the world who is actively doing creative things with their education one dropped out now is an artist and getting commissions. summer building solar powered computers but without paying the high cost of college. i did not go to middle school or high school. john: your parents let you leave school? >> they were not fans of the idea but i thought if i leave for one year wh is the bi loss? if i go back school will be there. john: you even took college courses? you could just not pay? >> professors were more than
are not cheap. steve, the directer of the narc institute for early education research at rutgers was consulted by the white house. there's a number, estimated, one the president's plan, that early childhood education could cost up to $10 billion a year, rick. this goes in the line of more spending, more recovery. this is a lot of money. >> well, yeah, but here's the concern. i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at a major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing deductions which is not enough. i'd like to predict they will eventually put another
's not really certain. contesting the cost of education. this is a way that appes step you as a person. people are investing in you and whatever you do. and they have an incentive to help you succeed because they are sharing in that success. melissa: so you areaying that ii you change your mind about what you will be along the way that it does not necessari impact what happens. and thinking about saying to someone, i will get out and be an investment banker. great. 10 percent of your 100,000, 200,000, three had a thousand whenever it will be. but the nevada site and i'm going to be a writer and i may start for five or eight years, have you broken the contract? >> i mean, i think great finance. i think it is a matter of day when you're investing in t person. you think they're passionate about something. the on is on them to explain what they want to do and really demonstrate how pass that they are about something. i think that really influences the people investing. melissa: is not just a busted loans to raising money forever. >> i think this applies to, you know, the students to creative stock
Search Results 0 to 7 of about 8 (some duplicates have been removed)